Commodity Market Report

Global nickel short-term outlook February 2024

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Nickel prices rally as more plant suspensions fuel market optimism, if only temporarily. A slowdown in the rate of expansion of Indonesian NPI segments would also move the market back toward balance in 2025. But Class I remains in oversupply and more surpluses lie ahead in 2026.

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    Global Nickel Short Term Outlook February 2024.pdf

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